American Greed: Scams, Scoundrels and Scandals Season 13 Episode 16 Judgment of Terror
- March 9, 2020
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In season 13, episode 16 of American Greed: Scams, Scoundrels and Scandals, viewers are taken on a thrilling journey through the fascinating world of white-collar crime. This episode titled "Judgment of Terror" tells the story of a man known as the "Vegan Bernie Madoff" who swindled millions of dollars from investors who believed they were supporting a worthy cause.
The episode opens with a brief overview of James Pantzik, a smart entrepreneur, and founder of ARO Pistachios. James believed he was investing in a start-up food company that promised great returns for investors and a better future for all consumers.
However, unbeknownst to James and other investors, Joseph A. Huff served as the CEO of this company. Huff is a charming and charismatic man who promised investors that his vegan product was the solution to the world's food crisis, and he had the numbers to prove it. Investors flocked to Huff, and he soon became the darling of Wall Street.
Huff had built a company around a great idea, a new form of jerky made from mushrooms. He claimed that if commercial production of animal meat was ceased, it would lessen the environmental impact while also providing a healthier, affordable protein alternative. Joseph Huff had succeeded to gain the trust of mainstream investors, but everything was not all it seemed.
From the start, Joseph was manipulating data and inflating financial numbers. The company had never been profitable, and Joseph kept investors in the dark using plausible excuses and empathy. In reality, Joseph was addicted to gambling and expensive cars, developing a lavish lifestyle. He had an addiction to spending his investor’s money and living large.
As the scandal unfolded, James Pantzik grew increasingly suspicious. He arranged meetings with Joseph Huff, attempting to confront him over the suspicious numbers. James made repeated requests for financial documents, but Joseph kept delaying. Soon after, ARO Pistachios filed for bankruptcy, thereby causing severe financial losses to its investors. News of Joseph's fraudulent activities quickly made the headlines.
The episode features interviews from several key individuals who provide insight into Joseph Huff's activities. These include a prosecutor who explains how Joseph kept his investors on the hook by sending out incomplete financial data that could be interpreted in a misleading manner. These numbers were always slightly edited in a way that convinced the investors that the company could be profitable if he had just a little more cash.
The interviews also shed light on how Joseph tricked investors for years and how his lies ultimately led to his downfall. Viewers will learn about how Joseph ran out of funding, causing the company to crumble. They will also explore in-depth the aftermath of the situation. Joseph was charged with multiple counts of wire fraud and sentenced to almost 10 years in federal prison.
Overall, the season 13 episode 16 of American Greed: Scams, Scoundrels and Scandals titled "Judgment of Terror" offers viewers a thrilling look inside the world of white-collar crime. Through careful storytelling, the show shines a light on the practices of a man who was driven by greed and self-interest, and ultimately brought down by the consequences of his actions. The episode serves as a warning and reminder about the importance of doing one's due diligence when investing and that sometimes things are not always what they seem.